Comerica Bank boosted its stake in New Oriental Education & Tech Grp (NYSE:EDU) by 506.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,605 shares of the company’s stock after buying an additional 43,924 shares during the period. Comerica Bank’s holdings in New Oriental Education & Tech Grp were worth $4,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EDU. JPMorgan Chase & Co. grew its position in New Oriental Education & Tech Grp by 769.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,017,034 shares of the company’s stock valued at $176,955,000 after buying an additional 1,785,142 shares in the last quarter. Greenwoods Asset Management Ltd grew its position in New Oriental Education & Tech Grp by 35.8% in the 3rd quarter. Greenwoods Asset Management Ltd now owns 3,863,060 shares of the company’s stock valued at $340,954,000 after buying an additional 1,017,400 shares in the last quarter. Ariose Capital Management Ltd bought a new position in New Oriental Education & Tech Grp in the 3rd quarter valued at about $46,098,000. BRILLIANCE ASSET MANAGEMENT Ltd grew its position in New Oriental Education & Tech Grp by 20.0% in the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 1,606,558 shares of the company’s stock valued at $141,795,000 after buying an additional 267,472 shares in the last quarter. Finally, DSM Capital Partners LLC grew its position in New Oriental Education & Tech Grp by 110.2% in the 3rd quarter. DSM Capital Partners LLC now owns 506,765 shares of the company’s stock valued at $44,727,000 after buying an additional 265,647 shares in the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.

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New Oriental Education & Tech Grp (EDU) opened at $88.79 on Thursday. New Oriental Education & Tech Grp has a 12-month low of $47.99 and a 12-month high of $108.40. The firm has a market cap of $14,040.00, a PE ratio of 49.06, a PEG ratio of 1.43 and a beta of 1.38.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). New Oriental Education & Tech Grp had a net margin of 13.92% and a return on equity of 16.19%. The business had revenue of $467.20 million for the quarter, compared to the consensus estimate of $456.93 million. During the same quarter last year, the business posted $0.08 EPS. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. sell-side analysts forecast that New Oriental Education & Tech Grp will post 1.91 earnings per share for the current year.

A number of equities analysts recently issued reports on the stock. Deutsche Bank assumed coverage on shares of New Oriental Education & Tech Grp in a research report on Thursday, January 4th. They issued a “buy” rating and a $116.00 target price for the company. Zacks Investment Research upgraded shares of New Oriental Education & Tech Grp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. CLSA lowered shares of New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research report on Tuesday, October 24th. JPMorgan Chase & Co. increased their target price on shares of New Oriental Education & Tech Grp from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Finally, Benchmark increased their target price on shares of New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.95.

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New Oriental Education & Tech Grp Profile

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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